Total nonfarm payroll employment rose by 214,000 in October, and the unemployment rate edged down to 5.8 percent. Employment increased in food services and drinking places, retail trade, and health care. Both the unemployment rate (5.8 percent) and the number of unemployed persons (9.0 million) edged down last month. Since the beginning of the year, the unemployment rate and the number of unemployed persons have declined by 0.8 percentage point and 1.2 million, respectively.The number of long-term unemployed (those jobless for 27 weeks or more) was little changed at 2.9 million. These individuals accounted for 32.0 percent of the unemployed. Over the past 12 months, the number of long-term unemployed has declined by 1.1 million. The civilian labor force participation rate was little changed at 62.8 percent and has been essentially flat since April. The employment-population ratio increased to 59.2 percent in October. Please visit this link to read the full report: LinkToReport NOTE: This report is provided with the understanding that the publisher is not engaged in providing legal, financial, accounting or other professional advice. If professional assistance is required, the services of a competent professional should be sought. Furthermore, while we do our best to ensure that these data are accurate, we suggest that any entity making decisions based on these numbers should verify the data at their source prior to making such decisions. |
07 November 2014
• U.S. Employment Situation – October 2014
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